At the time of writing a iPhone 14 256 GB costs: R23999 A third party know as the State – who rules by decree but does no work – steals a portion of every transaction in South Africa. How much the SA State steals from the Consumer? To buy a R23999 iphone – one needs […]
Category: bitcoin
So how long does it take… The machine The machine I am using for my bitcoin node is a raspberry pi 4 8GB. It is used solely for bitcoind mainnet and bitcoind testnet. I am using a external hard drive that is 1TB in size and is formatted to ext4. The Network and Theory Calculations […]
In this post I will tell you how to run a mainnet and testnet bitcoin node simulataneously on the same device. Bitcoin Conf Sections It boils down to splitting out the bitcoin.conf into sections: [main] mempoolsize=300 maxconnections=20 maxuploadtarget=144 txindex=1 [test] mempoolsize=100 maxconnections=20 maxuploadtarget=144 txindex=1 Then adding an additional systemd (or any other service manager you […]
Pragmatic Application Before jumping into the theory I like to understand it practically in the real world. The best tool for this is setting up (and printing) a paper wallet. Do not send bitcoin to the paper wallet yet, we are only trying to grasp the wallet idea Go to either of: https://bitcoinpaperwallet.com/ https://walletgenerator.net/?currency=Bitcoin You […]
Here is a list of cool things you can see, do and find out on a bitcoin node. Specifically for full nodes running in CLI or daemon mode – not GUI client. Get Block Count Get the total number of blocks in your version of the blockchain – the one on your local node. If […]